How much worth of Oil, KSA agreed to one year differed payment facility for Pakistan?
Correct answer: C. 3b$
- A. 1b$
- B. 2b$
- C. 3b$
- D. 4b$
Explanation
Saudi Arabia agreed to provide Pakistan with a deferred-payment oil facility worth $3 billion for one year. This arrangement helped Pakistan manage its foreign-exchange and balance-of-payments pressure.
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Pakistan’s economy is examined through GDP, inflation, taxation, public debt, foreign exchange, trade, remittances and the balance of payments. The federal budget includes revenue targets, expenditure, development allocations and fiscal policy, while monetary policy, the State Bank, IMF programmes and economic reforms explain wider financial developments.
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